baronbloe

GBP/JPY to get weaker

Short
FX:GBPJPY   British Pound / Japanese Yen
The GBP will get weaker in front of a Yen backed by equity firms profitable outcomes. The stocks are generally more attractive to buy since they Yen is stronger. These two countries also have lax laws on cryptocurrencies. Stocks in Japan trade under 15 times this year's earnings forecast, and 13 times next years expectation ( Shameen, 2018). I would sell 25% of holdings. As both the Topix and Nikei indicate another drop. In part due to U.S tax policies abroad.

References:

Shameen, A. (2018) Japan Looks Ready to Sustain Gains, Barrons, , Retrieved from: www.barrons.com/arti...ain-gains-1520043929 (Accessed 7 Mar 2018)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.